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The British economy recorded its fastest annual growth rate since the start of the financial crisis in 2013, the latest official figures have shown.
U.K. finance minister George Osborne says he "completely rejects" that forward guidance is a failure, as the Bank of England nears its 7 percent unemployment threshold to consider hiking interest rates.
The Bank of England will not be "railroaded" into lifting interest rates early, said Roger Carr, the chairman of BAE Systems.
Robert Wood, chief U.K. economist at Berenberg Bank, says it would be a "huge mistake" if the Bank of England changed its forward guidance.
The Bank of England's governor Mark Carney expressed concerns about capping bankers' bonuses, just hours after U.K. Prime Minister David Cameron said cash bonuses at the Royal Bank of Scotland would be limited to £2,000 ($3,284).
Alan Clarke, director for fixed income strategy, banking and markets at Scotiabank, discusses Carney's comments on the U.K's housing market and forward guidance.
Philip Shaw, Chief Economist, Investec says the housing recovery in the U.K. is broadening out.
Robert Wood, chief UK economist at Berenberg UK, highlights that U.K. inflation numbers are "bang on target" and that the Bank of England should therefore hike its rates within the next six to twelve months.
Bill O'Neill, head of CIO wealth management research U.K. at UBS, discusses the challenges facing the Bank of England as it moves towards it's 7 percent unemployment threshold.
Adam Posen, Peterson Institute for International Economics president, discusses the challenges for the European Central Bank and growth prospects for the euro zone.
The Bank of England keeps the bank rate unchanged at 0.5%. Allister Heath, editor of City AM, and Andy Brough, fund manager at Schroders, discuss the decision.
Moyeen Islam, associate director at Barclays Capital, says he is "positive" on European periphery bonds.
Allister Heath, editor of City AM, says the Bank of England should have raised interest rates already, calling the low rates "distortionary".
As the unemployment rapidly approaches the Bank of England's 7 percent threshold, CNBC's Helia Ebrahimi discusses whether forward guidance should be abandoned.
Andrew Lilico, director at Europe Economics, describes the Bank of England's forward guidance as a "daft idea" that has been "misconceived" from the beginning.
CNBC's Helia Ebrahimi explains how the effects an interest rate hike could have on U.K. household debt.
Robert Wood, chief U.K. economist at Berenberg Bank, says the U.K. has come a long way but it still has an "awful long way to go" to improve the state of its economy.
Mike Amey, portfolio manager at PIMCO, says the Bank of England has some "tricky messaging ahead" regarding forward guidance, as the unemployment threshold looms.
The Bank of England (BoE) is expected to announce on Wednesday whether it will switch to plastic banknotes, following a public consultation program on the matter.
David Kern, chief economist at British Chambers of Commerce, says that the Bank of England's growth forecast for the U.K. is too "optimistic".